TJX Companies Inc (NYSE:TJX) Given Consensus Recommendation of “Buy” by Brokerages

Shares of TJX Companies Inc (NYSE:TJX) have been given a consensus recommendation of “Buy” by the twenty-nine research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $64.42.

TJX has been the topic of a number of research reports. Cfra raised their price target on TJX Companies from $60.00 to $65.00 and gave the stock a “strong-buy” rating in a research note on Thursday, May 21st. DA Davidson raised their target price on TJX Companies from $57.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, May 22nd. Loop Capital decreased their target price on TJX Companies from $72.00 to $60.00 in a report on Friday, May 22nd. Atlantic Securities raised TJX Companies from a “neutral” rating to an “overweight” rating and set a $60.00 target price on the stock in a report on Wednesday, April 29th. Finally, Nomura Securities decreased their target price on TJX Companies from $58.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, March 31st.

In other TJX Companies news, Director Rosemary T. Berkery purchased 3,000 shares of TJX Companies stock in a transaction dated Friday, May 22nd. The shares were acquired at an average cost of $55.30 per share, with a total value of $165,900.00. Corporate insiders own 0.18% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Confluence Investment Management LLC grew its holdings in shares of TJX Companies by 5.6% during the first quarter. Confluence Investment Management LLC now owns 1,119,920 shares of the apparel and home fashions retailer’s stock valued at $53,543,000 after buying an additional 59,389 shares during the last quarter. Optimal Asset Management Inc. grew its holdings in shares of TJX Companies by 90.2% during the first quarter. Optimal Asset Management Inc. now owns 129,063 shares of the apparel and home fashions retailer’s stock valued at $6,171,000 after buying an additional 61,194 shares during the last quarter. State of Tennessee Treasury Department grew its holdings in shares of TJX Companies by 6.8% during the first quarter. State of Tennessee Treasury Department now owns 1,054,742 shares of the apparel and home fashions retailer’s stock valued at $50,427,000 after buying an additional 67,006 shares during the last quarter. National Pension Service grew its holdings in shares of TJX Companies by 1.6% during the first quarter. National Pension Service now owns 1,578,139 shares of the apparel and home fashions retailer’s stock valued at $75,451,000 after buying an additional 24,695 shares during the last quarter. Finally, UMB Bank N A MO boosted its holdings in TJX Companies by 4.5% in the first quarter. UMB Bank N A MO now owns 72,990 shares of the apparel and home fashions retailer’s stock valued at $3,490,000 after purchasing an additional 3,169 shares during the last quarter. 89.45% of the stock is currently owned by hedge funds and other institutional investors.

Shares of TJX stock traded down $1.33 on Friday, reaching $49.54. The stock had a trading volume of 6,920,999 shares, compared to its average volume of 9,333,463. The stock has a market cap of $60.94 billion, a P/E ratio of 37.13, a price-to-earnings-growth ratio of 7.41 and a beta of 0.71. TJX Companies has a 1 year low of $32.72 and a 1 year high of $64.95. The company has a debt-to-equity ratio of 3.19, a quick ratio of 1.15 and a current ratio of 2.20. The company has a 50 day simple moving average of $52.24 and a 200 day simple moving average of $54.90.

TJX Companies (NYSE:TJX) last released its quarterly earnings results on Thursday, May 21st. The apparel and home fashions retailer reported ($0.74) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.56). The firm had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.92 billion. TJX Companies had a return on equity of 31.29% and a net margin of 4.57%. The business’s quarterly revenue was down 52.5% on a year-over-year basis. During the same quarter last year, the business earned $0.57 earnings per share. On average, equities research analysts anticipate that TJX Companies will post 0.65 earnings per share for the current fiscal year.

TJX Companies Company Profile

The TJX Companies, Inc operates as an off-price apparel and home fashions retailer. It operates through four segments: Marmaxx, HomeGoods, TJX Canada, and TJX International. The company sells family apparel, including footwear and accessories; home fashions, such as home basics, furniture, rugs, lighting products, giftware, soft home products, decorative accessories, tabletop, and cookware, as well as expanded pet, kids, and gourmet food departments; jewelry and accessories; footwear; and other merchandise.

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Analyst Recommendations for TJX Companies (NYSE:TJX)

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